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June 2010 fine-art market intelligence

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Fine art

Rothko and Warhol lead Sotheby’s $190 million contemporary sale

artnews.com

Rothko’s Untitled, 1961 sold for $31.4 million and Warhol’s Self Portrait, 1986 (purple fright-wig) fetched $32.6 million at Sotheby’s May 11 contemporary sale, which totaled $190 million. Other notable results included Warhol’s Flowers, 1964 and Anish Kapoor’s untitled stainless steel sculpture, with multiple artist records set.

Fine art

Art shrugs off financial crisis as buyers prepare for richest sales yet

thetimes.com

The Times reports that Sotheby’s and Christie’s in London are preparing the richest sequence of art sales ever, with major Impressionist and Modern works on offer and high estimates for the two sales. Notable works mentioned include Monet, Picasso, Derain, Matisse, Soutine, and Manet, with world-record prices cited for Giacometti and Picasso entries.

Fine art

Collectors storm Art Basel, driving a bull market – POP Gallery Denver – Santa Fe Denver Art District

popgallerydenver.com

The article covers Art Basel in Basel, where blue-chip galleries show brisk sales at Hall 2.0. It highlights sales at Skarstedt, including Barbara Kruger’s Are we having fun yet? for $700,000, Christopher Wool’s Untitled for $800,000, Cindy Sherman’s Untitled #264 for $500,000, and George Condo’s The Madman for $375,000.

Fine art

Sotheby’s to offer works from Neuberger Berman and Lehman Brothers corporate art collections

fineartpublicity.com

Sotheby’s New York announced it was appointed to sell selected works from the Neuberger Berman and Lehman Brothers Corporate Art Collections, subject to bankruptcy court approval. The sale is a single-owner, 400+ work collection expected to bring over $10 million, with artists including Damien Hirst, Gerhard Richter, Felix Gonzalez-Torres, Richard Prince, John Currin, Takashi Murakami, Neo Rauch, Julie Mehretu, Liu Ye, and Do Ho Suh.

Fine art

First Day of Polaroid Sale Sets Ansel Adams Record

nytimes.com

The article covers Sotheby’s sale of Polaroid-held photographs, including Ansel Adams’ Clearing Winter Storm, Yosemite National Park which sold for $722,500. The sale also features works by Chuck Close, William Wegman, Robert Rauschenberg, David Hockney, Robert Frank, Robert Mapplethorpe, Andy Warhol and Lucas Samaras. The Polaroid Company was forced into bankruptcy and the sale was expected to fetch $7.5 million to $11.5 million, with $11.2 million reported by late afternoon of day two.

Fine art

Manet self-portrait sells for 33.1 million dollars at Sotheby’s London sale

artnews.conteart.com

Edouard Manet’s self-portrait sold for 22.4 million pounds ($33.1 million) at Sotheby’s, setting a price record for the artist. The piece was one of only two Manet self-portraits and the only one in private hands, featured in Sotheby’s main Impressionist and Modern Art sale in London. The auction total reached 112.1 million pounds, with three works selling for eight figures including Derain and Matisse, though the London sale total was below February’s 146.8 million pounds.

Fine Art

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